Pr00f

Mainly crypto observations

[Pr00f @Pr00fofsteak]

Based Jeff

[jeff.hl @chameleon_jeff]

It's inspiring to see tens of thousands of community members secure life-changing wealth as part of the Hyperliquid genesis event. Importantly, none of these people were insiders. They:

1) believed in the vision for a better financial system when no one else would
2) acted on that conviction by using and building upon the nascent technology, bootstrapping an unstoppable financial network

The Hyperliquid genesis pays homage to the original ethos of Bitcoin: ownership goes to the believers and doers, not rent-seeking insiders.

For all you early believers, thank you for the unwavering faith and support. Hyperliquid would be nowhere without you all. I'm grateful and honored to be building alongside you.

--

Looking back, we've come a long way. But looking ahead, there's so much further to go.

Finance is humanity's greatest invention. It is the only effective way to coordinate human effort across time and space. Yet, the legacy financial system contradicts its underlying goal of empowering individuals:

- it is opaque and centralized
- it is owned and operated by privileged insiders
- it doesn't embrace technological innovation to better serve users

Hyperliquid is the evolution of finance. And Hyperliquid has not succeeded until it houses all of finance. If you're reading this now, you're still early. The new financial system welcomes you with open arms.

[Pr00f @Pr00fofsteak]

@VECTORDOTFUN giv code

[Pr00f @Pr00fofsteak]

@sailboatships @TMtheOG gg

[Pr00f @Pr00fofsteak]

@sailboatships @TMtheOG ErqTtPnX6PFCN58R4zrUBcnA3THCBRzMY2jnHrqCpump

[Tree News @TreeNewsFeed]

*BINANCE FOUNDER CHANGPENG ZHAO RELEASED FROM US CUSTODY: BBG

[Pr00f @Pr00fofsteak]

In hindsight think base might be a pretty obvious play for this cycle. The Coinbase marketing & distribution is unmatched - slightly harder to catch the move as no official token so best to gamble on blue chip memes?

[Pr00f @Pr00fofsteak]

Judgement clouded by a phenomenally bad personal run on memes recently but https://t.co/vzSmmBBzZ6 is an actual cesspit and the landing page alone causes brain rot if you stare for longer than 5 secs

[Pr00f @Pr00fofsteak]

Wild that so much of crypto is down YTD in what has been a mega year for pro crypto narrative and milestones. Rising BTC tide has not lifted all ships as with prev cycles

[Pr00f @Pr00fofsteak]

Calling it now that @worldlibertyfi will get hacked / sim swapped for someone to pull off the greatest rug this century

[Pr00f @Pr00fofsteak]

Common French L

[Pr00f @Pr00fofsteak]

We’re doing tron now? Time to dust off the 2017 wallets

[Pr00f @Pr00fofsteak]

LinkedIn suggested jobs presented without comment

[Pr00f @Pr00fofsteak]

Grayscale BD team was working in overdrive. How have they still got $14b sat there printing $200m/year in fees

[Pr00f @Pr00fofsteak]

@gajeshnaik @vultisig

[Pr00f @Pr00fofsteak]

purrrrrr

[Adair @crypto_adair]

Crypto market went gpurrrrrr

[Pr00f @Pr00fofsteak]

Good take. Very little else has stuck

[Rex @R89Capital]

If you think hyper speculation is ever leaving crypto, you've failed to understand what this market is entirely.

Bitcoin
Stablecoins
Gambling

That's the entire industry.

[Pr00f @Pr00fofsteak]

@Route2FI Check @vultisig

[Pr00f @Pr00fofsteak]

Circle trading at $5bn sounds like a good buy to me. If the US embraces crypto, surely they won’t continue to allow the leading USD stable coin to be issued by an entity they have zero oversight of?

[Pr00f @Pr00fofsteak]

@RichR_GSR 24/7 paper market makes sense for oil but imo the incentives aren’t there. If trading firms (who do all the volume) are printing $ arbing exchanges + time zones they want the status quo to remain. Might require an ICE type situation where the majors + independents are investors?

[Pr00f @Pr00fofsteak]

@PratikKala Regardless of this which is true, people seem to think the ETF exists in a vacuum. It’s one source of flow in the market - price only rallies if there are not enough sellers at current price level to meet demand… I thought this was basic stuff but 🤷‍♂️